OABI

OABI

OmniAb, Inc.

Company Information

SectorHealthcare
IndustryBiotechnology
Market Cap$0.73B
Analysts Rating2.0/5

Recommendation Details

PortfolioSmallcap
DateNov 12, 2026
ForecastQ Daily Probabilities
46.9%
58.8%
44.1%

Company Description

OmniAb, Inc. is an American biotechnology firm focused on pioneering therapeutic antibody discovery. The company provides a sophisticated platform that allows its industry partners to access a broad spectrum of antibody repertoires and advanced screening techniques, thereby facilitating the development of next-generation treatments. Central to the OmniAb platform is the unique biological capability of proprietary genetically engineered animals, such as OmniRat, OmniChicken, and OmniMouse. These animals are modified to produce human-sequence antibodies, simplifying the creation of human therapeutic candidates. Additionally, OmniAb offers specialized technologies like OmniFlic (a transgenic rat) and OmniClic (a transgenic chicken), which address the requirements for bispecific antibody applications via a common light chain method, as well as OmniTaur, which leverages the distinct structural properties of cow antibodies for challenging targets. The company was founded in 2012 and is based in Emeryville, California.

Recent News & Events

Recent Q3 beat-and-raise, a Lilly ion-channel deal with up to $370M milestones, and China approval of partner drug batoclimab skew near-term sentiment positive, though most catalysts are already priced in.

POSITIVEOct 30, 2026
Earnings Report

Q3 2026 results beat; full-year revenue and cash guidance raised

OmniAb reported Q3 2026 revenue of $4.0M vs $2.2M a year ago and a narrower net loss of $0.12/share, then raised FY2026 revenue guidance to $35-39M (from $32-36M) and lifted year-end cash outlook to $53-57M. The beat-and-raise reinforces the durability of the licensing/royalty model and is a positive near-term signal, though the report is now nearly two weeks old and largely digested.

OmniAb Press Release
POSITIVEAug 17, 2026
Partnership Ann.

Eli Lilly ion-channel collaboration worth up to $370M milestones

OmniAb signed a global collaboration and license agreement with Eli Lilly for a new ion channel program, receiving an upfront payment plus eligibility for up to $370M in milestones and tiered royalties. Service revenue from the Lilly collaboration is expected to begin contributing in Q4 2026, providing a tangible near-term revenue catalyst and validating the platform.

Benzinga
POSITIVEOct 22, 2026
Regulatory Approval (Partner)

Partner batoclimab approved in China for gMG

Harbour BioMed announced China's NMPA approved batoclimab for anti-AChR antibody-positive generalized myasthenia gravis, the fourth drug approved from OmniAb's platform. This creates a potential future royalty stream, though management noted it is too early to determine pricing or royalty impact, limiting immediate financial effect.

OmniAb Press Release
POSITIVEOct 6, 2026
Product Launch

xPloration platform broadened to all customers; OmniTides introduced

OmniAb expanded commercial access to its xPloration single B-cell screening platform to all customers starting October 2026 and introduced the OmniTides peptide discovery offering at its Investor & Analyst Day. Management expects xPloration revenue of $2-3M in 2026, doubling in 2027 and again in 2028, supporting a longer-term growth narrative but with limited immediate revenue impact.

OmniAb Press Release

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